The Jets won't cut him, and with his injury history I wouldn't trade picks for him. The thing is, the Dolphins may have considered paying him $5 million for one year and the incentives would kick in if Tannehill were injured for a period of time, but with our free agent dead money choking this team this year and next year, it would have been foolish to sign him.

Barry Jackson wrote:

The Dolphins had interest in quarterback Teddy Bridgewater before he signed with the Jets but he was too pricey for their liking. He’s making $5 million for one year with the Jets, with potential to make a lot more through incentives.

The Jets might trade him, but paying that contract and yielding a draft pick would be unappealing for Miami unless a big need develops. And that big need has not developed to this point, with Tannehill healthy and David Fales giving the Dolphins solid work in reserve.